Power Outages in Russia’s Irkutsk Region Blamed on Home Miners

Power Outages in Russia’s Irkutsk Region Blamed on Home Miners


Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals.

Electricity Consumption Spikes Amid Spread of Home Crypto Mining in Irkutsk

Power grid operators in Irkutsk have been dealing with a growing number of outages. The region and the city are experiencing a tangible increase in electricity consumption that overloads the distribution network. Local officials claim this has been caused by cryptocurrency miners who mint digital currencies in their apartments, basements, and garages.

Trending: Legendary Singer Meat loaf Passes Away at Age 74

As a way out of the exacerbating situation, they are now proposing

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend